AIMR: Put More Investment Pros on Boards

Phoenix (May 14, 2003) -- An estimated one in 10 directors serving on the boards of top public companies around the world are investment professionals, according to an investment advocacy group.

"When you look at the make-up of corporate boards around the world, you see CEOs and CFOs sitting on each others' boards," said Association for Investment Research president Thomas A. Bowman during a media briefing at the group's annual conference held here. "CEOs and CFO's think like CEOs and CFOs, not like investors. It only makes sense that having more investment managers and advisors at the board table can make for a more investor-focused board."